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20121201
20121231
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of being latest and biggest city to file for chapter 9 bankruptcy. detroit mayor binge said the city will lay off 400 to 500 workers in the nexx few months. it will take a lot more than that to keep the city from going broke. we're joined by michigan senator rick jones. thanks for joining me, senator, do yoo think if they dot latest layoffs will it satisfy the milestones the city needs in order to get more state aid? >> it is gooddstart and but not enough. we have a city council totally dysfunctional. recently mayor bing asked them to come in, they said we're on holiday. it is unbelievable. melissa: you said they think they deserve a bailout. what makes you think that they feel? >> detroit city councill3 woman came on national tv and said, president obama, we all voted for you. it is time to bring the bacon. bail us out. that's outrage just. that folks think they can just spend money like no tomorrow and expect anybody else to bail them out. my constituents from mid michigan are saying no bailout. they need to fix the city theirselves. melissa: this is something going on all across t
more. we're looking into states we will expand into, we're looking for cities with similar pats earns people use public transportation, alternative transportation and as a result are driving less. cities like san francisco, seattle, new york, boston, are great places for this product. adam: sound like a great idea. again the website, people learn more about it, i imagine they want to watch when it will come to their city, if they want to save some money this sounds like an option to follow. >> great, and thank you. adam: thank you, steven. you be well. now small label craft beers are all the rage and big boys like anheuser-busch are scrambling into the market but their push may leave beer lovers feeling skunked. we'll tell you why that brew may be a bust. at the end of the day it is all abouter boo, and then money. ♪ . ♪ . adam: beer lovers beware. before you crack open that artfully seasoned brew, homer simpson help me out. >> beer. adam: thank you, homer. be careful you weren't tricked into buying something else. regardless of industry standards, some of the biggest companies li
created less than 500 jobs. not so good. >>> solar city is postponing its ipo the solar installer was supposed to price yesterday and make its public debut today. details for the delay have not been closed. solar city was seeking to raise $151 million. >>> the fed cracking up the stimulus, cranking up the stimulus knob to full blast. it is dropping $45 billion a more a month on u.s. treasurys. inflation and ballooning balance sheets be damned! i can't keep track anymore of all the it tried to jolt the economy into recovery with very little to show for it i might add. is it time to call in the fed busters to stop ben bernanke from messing with our economy? i like that. joining me nariman bear verb, ihs chief economist and steve moore from the "wall street journal" steve, seems like you are the guy that likes our ghost buster, fed buster guy. >> i was shocked by the decision. is this qe inifiti we're on right now? melissa: i don't know. >> we've had such a huge deluge of liquidity into the market. and the fed, a lot of people know this that the fed already owns about a trillion doll
footprint. up next with a fox business exclusive. [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more thayou have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi ca and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. >> i am adam shapiro with our fox business brief. stocks are swinging between gains and losses. we have five days left befo
of bankruptcy as city councilwoman with a rather direct, plain spoken solution saying it's simple. the city voted for obama. now obama must bail out mo-town, next. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and psonal attention. which is why we arare proud to parer with healh care professionals who understand the difference that quality time with our members can me... that's a very nice cake! ohh! [ giggles [ le announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals w helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... whh means better health outcomes... and more quality t time to she with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ lou: treasury secretary today said t
inches in just 24 hours. the twin cities have seen almost as much snow already has all of last winter. a 31-year-old man is shot, execution style, while walking down the street yesterday. police are now looking for two suspects. medics rushed the victim to the hospital where he died. defense attorneys for. to asking a judge to and gps monitoring. those are your headlines. dagen: thank you. british banking giant agreeing to pay almost $2 billion. more than $1.9 billion. a record amount for a allowing money laundering to go on for years. this is the largest penalty ever paid. it is a nonprosecution agreement. if it changes its ways it will not be prosecuted. if you think the government is draining your wallet, you may want to take a closer look at those people around your house. what they are carrying around and using. i am talking about apple products. households spend an average of $450 on those devices in 2011. nearly tripled the amount in 2011. analysts are calling it an apple tax. no, it is just, you are spending money on stupid apple products. under intense pressure to curb its bu
expect it to turn into rain. the snow will pileup northwest of those cities. 30 miles will make a big difference between four to 8 inches of snow and sleet and freezing rain on top of it. that whole major core door right on the battleground, it is almost all snow and up to a foot of snow. this is a nasty situation. we have one coming before new year's. i do not think it will be as big as this one. winter is definitely here. no question about that. dagen: how bad will winter get? >> we do not have as that of winter as 2009, 2010 and 2011. it will certainly be worse than last year. people are saying fiscal whether it will just by. i believe it will go by and come right back in again. is we sell this in 93 and 94 and then it came on. it has been brutal in asia. people have been talking about how warm it is in the united states. dagen: do not like it. not one bit. merry christmas. happy new year. >> it is the holiday season, you need some snow, but not this much. dagen: crazy amounts of snow in illinois and indiana. great to see you. merry christmas. happy new year. starbucks launches a n
it rain while other cities are going broke the mayor is here to share what they are doing right. she also has some advice for the federal government. clearly they need it. i can't wait for this. "piles of money" and good sense coming up. ♪ . melissa: and now for multibillion-dollar bet on natural gas, the south african company is putting a lot of money where their mouth is, spending up to $14 billion to build the very first gas to liquids plant ever in the u.s. company execs believe nat-gas will be the dominant fuel source in the next 50 years. while oil becomes scarcer, more expensive. to break it down the publisher of energy magazine. rick, great to see you again. thanks for coming back to the show. >> thank you very much. melissa: what do you make of this? we heard a lot of about liquifying natural gas and even using that for transportation so what make this is different? >> well the difference is, this is a low-sulfur fuel. it is a lot cleaner. so it is, the product, once it is online will be used by other producers that have to export their product because the sulfur content is so
, this is new york city. you might want to gt that. i know lou: 98% of the prospective buyers will be liberal. >> take everything and put it in the chest and we buried in the ocean so no one will ever find it. lou: and it is striking when you refer to fox as the death star. talking about the death star as overwhelming all of those left wing that works we will call them. and it is really true. you get one of two reactions, at least i have. you work for fox and the other is thank god you work for fox. by the way, the latter reaction is the one that is 80 percent the time, at least. >> you will run into people that are not fans of fox and all it takeis about five minutes before you realize that they have never watched it. they will see something on a og or it will hear something and the assumption is, that is the enemy. are. lou: your book, at various points, conveys the sene that you would like tobe in a drunken aze, a significant portion of your time. we all know better, but i have to give you credit. the juxtaposition in one sentence is hard to d. >> that was one of the worst jokes in the boo
of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. liz: and lori: went to storm blanketing the northeast with no forcing thousands of flights to be canceled. in clark'sville, pa. what is it like out there now? >> it is gorgeous behind me but this fuss -- this is a serious storm. more snow is expected into the night as we approach the evening commute. black ice is a major concern. snow advisories in several states, eastern new york and across new england, new york governor andrew cuomo set up an emergency operations center and is also warning the power companies to be on their toes especially after they have been criticized following superstorm sandy for their slow r
girlfriends. two women that were down in one of mullah city. they are waiting for entrance papers from the state department. >> they are now both legally in guatemala. i just do not know right now. >> yesterday, this 67-year-old billionaire, software, formerly retired software tycoon, revealed he has some ink on his back. an extensive tattoo. the people that are spotting him, having recognized him for being on the news for the past several weeks, they are all posing for photos with him because he has become the latest reality celebrity. dagen: that is a trip to crazy town right there. thank you so much. i love how you worked in a "scarface" reference. thank you very much. connell: people losing holiday cheer when you start speaking to them about the economy. confidence is down heading into the new year. dagen: walmart is ready to roll out some cash for what is left of hostess. twinkies, snowballs, you name it, we will tell you. 1.7 on the ten year. a little higher than it has been. ♪ >> im adam shapiro with your fox business brief. consumer prices fell last month for the first time s
home prices in the 20-city index grew 4.3% year-over-year. this is despite a slip one month earlier. phoenix led cities with 1.4% gain. marking the state's 1th straight month for growth. california and new york with only two cities with negative annual returns. this morning's case-shiller housing report could be a sure sign housing strength is do we expect it to gain momentum in 2013. day one of the outlook 2013. here to kick it off, ed pinto from the american enterprise institute. ed, let's say for argument sake we go flying off the fiscal cliff. what happens to housing? >> i think housing to some extent goes off with it. we'll end up with a recession and that will dampen homebuyers enthusiasm for buying homes and we'll see a downtick in house prices and uptick in foreclosures. tracy: that is good news. let's go glass half-full. they fix this ink it. fiscal cliff solved. housing market, what, what's the big thing that you think 2013 will bring? it is the year of rental. of new construction. what should we expect to see if all goes well in washington? >> what we should expect to see
of the harshest conditions. dumping 10 and a half inches in 24 hours. this season the twin cities has seen almost as much snow as all of last winter. those are your headlines. back to lori and melissa. melissa: former capital trader faces jail time for insider trading. they have made no secret of their desire to give up in committing evidence against wells, his own boss, steve cohen. but some say he has a powerful incentive not to cooperate. charlie gasparino. >> companies often cover the legal expenses of their employees snarled in investigations. charged in an insider trading scam alleged back in 2008. but this was kind of interesting about this. the allegations of trading on insider trading back in 2008, essentially let go. sec capital, even though he has been an employee for two years, now covering his legal fees. longtime white-collar defense attorney, does not come cheap, he starts around $1300 per hour. he made about $9 million according to the criminal complaint. that was the bonus. lori: so he has money. >> maybe. 1300 per hour. a lot of money. and this is raising some eyebrows in the le
now fast-food workers in new york city are doing the exact same thing. it startedat the crack of dawn yesterday and culminated in a rally with hundreds of workers protesting theer at times square but here's the question. is this really the right time to be doing this with the holidays approaching? what about the millions of americans that currently have no job at all? here to discuss both sides are democratic strategist arlene maxwell and republican strategist ford o'connell. i will let you start. these folks are out there protesting. they're not make a lot of money. a lot of people are out of work. what is your take? >> going hungry and starving are two different things, right? these people are making $7.25 an hour which is, barely $300 every week if you're working full-time. a lot of them are limited and not able to even work full time. you shouldn't be working full time and have to live in a homeless shelter as one person interviewed yesterday said. you can't afford to feed your family. you need enough money for the basic necessities. melissa: ford, you know it is hard to imagine a
at reducing guns on the city street. do we have the picture? you will love this. he wasn't expecting to get one of these. it is a rocket launch cher. what do you do with that? kids, eat your vegetables. you can never have too much money. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all i own th unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. ♪ adam: it's time for some fun with spare change. today joining us top personal finance expert and our own david asman. a ground rule. nobody is allowed to say fiscal clef. >> oh, good. adam: we are not going there. this is a good one. teddy's officials passed a law that jewish mothers worldwide will love. requires children to care for their elderly parent. and you have to visit them frequently or you face a fine. but the
from a major snow storm. the big cities of the east coast bracing for another. shibani: top of the hour every 15 minutes, we have lauren simonetti on the floor of the stock exchange. how are things looking? >> could be a lot worse but stocks are selling off for the fifth day in a row. the dow is down 67 points and the nasdaq down 9 and the s&p down 7. we were much lower earlier in the session. the vix index is spiking and volume to the downside today. is the second to last trading day of the year so this december rally, in jeopardy for the dow and the s and p and the nasdaq gave up the december gains but the financials go the market often times. as we look at the banks, here are the ones that are trading lower. bank of america down 1/2%, wells fargo trying to get into the green. as for the dow jones industrial average we have two stocks in the green, home depot is one of them and it turned into the positive after that strike at the east coast and gulf port was averted. american express is the other positive dow component. dennis: thank you very much. more on the kabuki theater in d.c. h
which is this emergency manager walt which he is trying to use to desperately save michigan cities that are desperately in trouble, including detroit. connell: he was forced, in your view. he maybe it would not have done it if it was not for that. >> the emergency managers law. connell: the idea that he is in support of it. [talking over each other] connell: is the union movement, you know, is it over, is the tide turning? >> first of all, the second biggest organizing drive in the u.s. history, yes, you are right. today, even with the decline in unionization, it is about 13, 14%, which is about double the national average. yes, it is. this is not, for instance, and southern states, where you have the right to work and you do not have unions anyway. dagen: does it have a wider impact, does it continue to spread? >> well -- dagen: this is the 24th state. >> it will never happen in new york or a place like new jersey. they do not have the legislatures that will pass this. let's be realistic about it. all you have to do is look at a map of america and you would understand that. there
but other winners in this will be the union pacific, the kansas city southern. up in canada we have both the canadian pacific and canadian national who are looking to double their rail shipments of crude oil next year. adam: is this an efficient way to ship oil? there has to be cheaper way to do this? i would imagine an investor who can get in on that would make even more money? >> no doubt it is much more expensive to move oil by tanker car rather than pipeline but the fact of the matter is we're not going to build any pipelines from north dakota through the rockies over to california. nor are we going to build pipelines across pennsylvania, new jersey, to the few refineries on the east coast. so these guys are going to be sitting with rail supplies for quite some time. adam: okay. we talked about the rail companies. who else. are there smaller companies i might be able to start researching to invest in that will part of this $45 billion bonanza just next year? >> if we look to the pipeline companies, there is a number of big winners there, starting with enbridge pipelines because they
Search Results 0 to 22 of about 23 (some duplicates have been removed)